Sudbury needs to put its “best foot forward” in anticipation of an economic payoff in the burgeoning Battery Electric Vehicle industry according to an educator at Cambrian College.
Accordingly, said Gravel, this jump in the demand for BEVs is going to inspire a jump in the demand for battery-related metals such as copper, nickel, cobalt and lithium. Another point in favour of the North he said is there is a growing demand for industrial land vacancies. He also spoke of the benefit of a recently passed bill in the United States known as the Inflation Reduction Act , which Gravel said despite its unfortunate acronym, stands to provide US$370 billion in climate and clean energy investments that would include the auto industry.
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